An Insider's Look at Real Estate

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Real Estate Agent - TIM LORENZ - Elite Home Sales Team - DRE# 00919781
This blog will post interesting views of the Real Estate Profession and have information to the buyers and sellers in the area.



Bad things come to those who defraud people out of their money.  Danny Pang and his firm Private Equity Management Group, are accused of defrauding investors out of hundreds of millions of dollars. The owner of a property in Newport Beach on Newport Bay is up for action and the owner Danny Pang a...
Los Angeles and Orange County report that home prices go up again0.8 percent in September.  The S&P Case Shiller home-price indexes show Los Angeles and Orange County home prices go up again.  The was 4 months where the home prices went up again.  Before we too positive we are still seeing the ho...
Unemployment, tight credit and consumer confidence week will keep this recovery slow.  The consumer or you and I are wary about spending money.  The economy grew at a 2.8 percent rate last quarter.  The Commerce Department's revised estimate of gross domestic product for July through September wa...
The Orange County Register had an article by Jonathan Lansner that showed the Zippy rankings for the third quarter that measure housing strengths at the zip code level.  Zippy looks pricing and sales momentum plus foreclosure frequency.  DataQuick tracks Zip code by Zip code for 83 major local Zi...
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.4 percent, for new homes it is up 10.6 percent and for resale condos up 1.9 percent.  The sales volume is up for resale homes 12.9 percent and up 10.3 percent on ...
Paul Henry Reed a mortgage broker and owner of Seaview Financial closed his office in February but was had his license suspended by the California Department of Real Estate.  He was a Corona del Mar mortgage broker accused of dumping his clients' financial information into public recycling bins h...
The truely important things in life are not money and fame they are our families and friends.  So on this Thanksgiving Day I would like to give a big shout out to my family. I am thankful for my wife and my children all 6 of them and my 13 grandchildren.  I have 4 very close friends that I have k...
October home sales rise 10.1 percent to continue the up trend.  Home sale rise second month in a row climbing to the highest level in 21/2 years.  The national statistics show, in October, a 36 percent growth from the bottom in January, data showed monday.  At the curent pace there is only seven ...
Orange County has a problems with affordability it is the 3rd worst in the U.S.  Orange County has a problems and it is affordability being the third worst in the nation according to the National Association of Home Builders Wells Fargo Housing Opportunity Index.  What the index shows is that onl...
Did you see this in the Wall Street Journal today on the front page had a piece of news that we should all pay attention.  It will cause a change to lending and to real estate as we know it.  Did you see this as the change that it truely is. It showed that we have one in four that are now in defa...

Tim Lorenz

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A real estate professional and investor for over 45 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.